EV Adoption Slowdown: Deepwater Asset Management Predicts 25% Market Share by 2030

Deepwater Asset Management’s Gene Munster has revised his forecast for EV adoption in the U.S., now predicting a 25% market share by 2030. He attributes this slowdown to consumer concerns about charging infrastructure, range, and higher costs compared to gas vehicles. Despite the slowdown, Munster remains optimistic about the long-term future of EVs, citing the upcoming release of over 30 new EV models by the end of 2025.

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